iia houston nov/dec 2015 · iia houston nov/dec 2015 page€1 audit wire monthly insights...

February 2013 AUDIT WIRE

President’s Message Dear Members, I hope you all had a great Thanksgiving break. I am excited to announce that registration for the 2016 Houston IIA Annual Conference is now open for sponsors. Participant registration opens on January 11, 2016. The Conference Committee has been hard at work to ensure another great experience for all participants. As a reminder, the conference is on April 11, 2016 at NRG Center. Further details can be found on page 7. The Chapter has a number of CPE opportunities in the coming months. This newsletter contains information on each program, which will allow you and your teams to plan which events to attend through April 2016. Welcome to our new members and congratulations to the new IIA certificate holders. We look forward to meeting you and offering our congratulations at the December luncheon to be held on December 7, 2015. Certification candidates who are nearing the end of their four-year program eligibility window now have an opportunity to apply for an extension before their exam part(s) expire. For further details, please refer to page 9. The University of Houston Internal Audit Student Association was able to meet with a number of internal auditors throughout Houston in November 2015. Thanks to all who participated in the events to help network with the students and share their internal audit experiences. Your Chapter leaders are eager to hear from you regarding all aspects of the Chapter’s activities throughout the year. If you need to reach out to any of the Chapter Officers, please find their contact information at https://chapters.theiia.org/houston/About. Thank you to all the Chapter volunteers! I look forward to seeing you at the December luncheon. Have a safe and cheerful holiday season!

Connie Khawaja Houston Chapter President [email protected]

I I A H O U S T O N N O V / D E C 2 0 1 5

AUDIT WIRE MON THLY

INSIGHTS

President’s Message

1

Luncheon and Registration

2-4

New Members & Certification Holders

8

Program Extension for Certification Holders

9

University of Houston

10-11

CAP Update 12

Job Postings 13-14

Upcoming Events

5-7

mailto:[email protected]


The monthly luncheon meetings are held at the Petroleum Club.

This great downtown venue is located at 1201 Louisiana St. on the top floor of the downtown Total building. The seated plate lunch begins at 11:30, with the program beginning at noon. Both public and valet parking are available. Please note valet parking is cash only.

Please note online registration is open until 9:00AM the day of the event, and as a result walk-in registration is no longer active.

Luncheon Topics and Speaker Information

I IA HOUSTON CHA PT ER

O F F I C E R S 2 0 1 5 - 1 6

PRESIDENT Connie Khawaja ABM Industries VP ADMINISTRATION Wilson Van Tine Phillips 66 VP FINANCE Ed Tucker HMT Inc. VP COMMUNICATIONS Eric Murray Deloitte VP ACADEMIC RELATIONS Jamie DuBray Chevron VP TECHNOLOGY Mary Hall Texas Children’s VP SEMINARS Greg Bone Anadarko VP MEMBERSHIP Lauren Harris PwC SECRETARY Radha Ahya Plains All American NEWSLETTER EDITORS Jamie Dugas Deloitte Jenny Meyers Deloitte

Pricing: Early IIA Member: $30

Non-Member and Regular Registration IIA Member: $40

Valet Parking Available: $10 (Cash Only)


Upcoming Topics and Speakers

Date Topic(s) Speaker(s)

December 7 Monetary Allegory of the Wizard of Oz TJ Qatato

January 4 Hot Topics for 2016 and Beyond: Assessing Risk and Emerging Trends Danny Goldberg

January 4 - 5 Professional Development: New Hire Boot Camp (two day course) Danny Goldberg

February 1 Forensic Analytics & Employee Fraud Luncheon & Full Day Seminar Mark J. Nigrini

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Speaker: T.J. Qatato (Director - Trinity University Student Managed Fund (SMF) Program) T.J. Qatato is Director of the Trinity University Student Managed Fund (SMF) Program. SMF is one of only six funds with over $5 million under management that is run exclusively by undergraduate students. Trinity SMF performance has exceeded the S&P 500 Index benchmark for the past two years and is leading the index by 3.10% year-to-date. T.J. has over 18 years of investment management experience with top rated mutual funds including the Brandywine Funds and the Meridian Growth fund. He received his Master in Professional Accounting and Bachelors of Business Administration degrees from The University of Texas at Austin. T.J. was recognized as the best performing research analyst in 2003 by Brandywine Funds founder Foster Friess. He also managed the Meridian Growth Fund with assets over $2.4 billion alongside founder and legendary investor Richard Aster. The Meridian Growth Fund posted top decile Morningstar peer group performance rankings over 5, 10 and 15 year time periods through 2011. Luncheon Topic: “Monetary Allegory of the Wizard of Oz” Summary of Topic: Internal auditors can employ many of the same tools investors use when assessing a business in their own practice. A starting point is to develop a framework and understanding of current financial market trends. Financial markets remain a source of capital for businesses, dictating which industries are falling into and out of favor. Understanding how a company and/or division makes money and relating such factors to current financial market trends enhances internal audit’s role as a business advisor. Learning Objectives: • Participants will develop a different perspective of the children’s novel The Wonderful

Wizard of Oz • Participants will explore 2016 Audit Plan Hot Spots of macroeconomic volatility and

competitive environment • Participants will understand how current monetary policy relates to past monetary policy

episodes to determine what the future may hold • Participants will become familiar with current financial market trends and cycles • Participants will be able to anticipate potential financial market risks and changing industry

trends that can be factored into audit objectives Date: December 7, 2015 Experience level: Basic/Intermediate Prerequisites: None Recommended CPE Hours: 1


December Luncheon & Seminar Topic & Speaker

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The Houston Chapter implemented its new registration system which is called etouches. We received favorable feedback that the new system was easy to use. We will be working on refining the content of the e-mails you will be receiving from the system over the next couple of months.

In order to get the member rate in the new system, you must enter a password. The password will always be your IIA Member Number.

If you have problems with the new registration system, contact Wilson Van Tine (VP-Administration) at 832-765-1812 or [email protected].


Luncheon Registration Update

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mailto:[email protected].


When: January 4 and 5, 2016 What: Internal Audit 101 - We are excited to offer this seminar to our local internal audit practitioners. Course Agenda: • Introduction and Background • Overview of Internal Audit Guidance • Internal Audit Planning • Internal Audit Process • Control Best Practices • Fraud Overview and Fraud Red Flags • Sampling Methodologies and Overview of Application • Internal Audit Wrap-Up • Flowcharting • Crucial Communication/The Role of Internal Audit • Interview Techniques • Future Steps and Hurdles About the Training Facilitator:

Danny M. Goldberg is the Principal and Founder of GOLDSRD. Prior to starting GOLDSRD, Mr. Goldberg was the Professional Development Practice Partner at Sunera. And prior to joining Sunera, he founded SOFT GRC, an advisory services and professional development firm. Prior to founding SOFT GRC, Mr. Goldberg had over 15 years of audit experience, including five years as a CAE/Audit Director at two diverse companies. At Dr Pepper Snapple Group he was the Director of SOX Compliance and Corporate Audit where he led the Year-One SOX Compliance efforts. And before his tenure at Dr Pepper Snapple, Mr. Goldberg was the Chief Audit Executive at Tyler Technologies, a publicly traded technology company, where he built the internal audit function from the ground up.

Mr. Goldberg has served on the Board of Directors of a non-profit organization and on the audit committee of the Dallas Independent School District. He currently serves as the Chairman of the North Texas Leadership Council of the American Lung Association and is also the IIA Dallas Chapter Programs Committee Co-Chairman. His credits include professional commentator on the BNA Tax and Accounting Portfolio, Internal Auditing: Fundamental Principles which is authored by scholars Curtis C. Verschoor and Mort A. Dittenhofer (who is also co-author of Sawyer's Internal Auditing.)


New Hire Boot Camp

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When: February 1, 2016 What: Forensic Analytics and Employee Fraud Luncheon & Seminar

Who: Mark J. Nigrini, Ph.D., Professor, West Virginia University Summary of Topic: Forensic analytics is the procurement and analysis of electronic data to reconstruct, detect, or otherwise support a claim of financial fraud. The main steps in the process are data collection, data preparation, data analysis, and reporting. Forensic analytics aims to detect of fraud, errors, and cases where people gravitate to specific numbers or number ranges to circumvent internal control thresholds. This workshop with Mark Nigrini, author of Forensic Analytics, is an opportunity to learn about Benford’s Law and other analytic techniques to detect and prevent employee and supplier misconduct using interesting case studies and discussions. The workshop will include an updated version of his Benford’s Law presentations at the 2012 and 2013 ACFE Global Conferences, an updated version of his Forensic Analytics pre-conference session at the 2014 Global Conference in San Antonio, an updated version of his fraud numbers sessions at the 2014 Global Conference, and an updated version of his The Nathan Mueller Fraud Scheme: A Personal Touch with Prevention and Detection Strategies sessions that were presented at the ACFE Global Conference in Baltimore in June, 2015. Learning Objectives: • Benford’s Law, including the theory explained in an interesting and understandable way,

interesting mathematical aspects of the law, a review of authentic data sets that conformed and some fraudulent data sets that didn’t follow Benford’s Law, and some novel applications of the law.

• The tests in the Nigrini Cycle of audit tests that look for abnormal duplications of digits, digit combinations, specific numbers, and exact duplications or close duplications of data. This section will include the links to free Excel-based Benford’s Law software.

• The case studies will include data from an analysis of purchasing card data and purchase order data for the District of Columbia (Washington, DC).

Pricing: • Member-Early Registration—$175 • Member-Regular / Non-Member Early—$200

Seminar attendees will received an autographed copy of the speaker’s books.


February Luncheon & Seminar

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Houston IIA Annual Conference

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2016 Houston Annual Conference Save-the-Date

Houston Annual Conference Registration

Be first in line for the 2016 Annual Conference

Registration opens: Sponsors and Exhibitors: November 30, 2015 Participants: January 11, 2016 Please follow the link below for registration: http://www.etouches.com/ehome/149240

http://www.etouches.com/ehome/149240


Welcome to our New Members!


New Members & Certification Holders

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We would like to extend a warm welcome to our new members! If you see these people at the monthly luncheon, please be sure to introduce yourself!

Please ensure your member profile is updated by visiting www.theiia.org in order to continue receiving Houston Chapter announcements and communications.

Travis Upham (CIA) Danielle Hendon (CIA) Mark Cook (CIA) James Snelling (CIA) Tiffany Rodriguez (CIA) Jonathan Sansom (CIA)

Maegan Johnson (CIA) David Kirtland (CRMA) Kenneth Hopkins (CIA)

Congratulations New Certification Holders!

The following members have recently obtained IIA certifications!

Abu Aziz (PricewaterhouseCoopers) Jeremiah Kilungu (Plains All American Pipeline) Ahmer Masood (PricewaterhouseCoopers) Jerry Chang (Phillips 66)

Alex Ardoin (PricewaterhouseCoopers) Kali Spencer (PricewaterhouseCoopers) Amit Gohil (Ernst & Young) Kelsey Radabaugh (CenterPoint Energy Inc.)

Andrea Paredones (Powell Industries Inc.) Kunal Sehgal (Protiviti Inc.) Andres Licea (Distribution NOW) Larry Jadrych (HCC Insurance Holdings) Annamarie Rangel (CPS Energy) Latonia Finley (Convergent Outsourcing, Inc.) Bess Woody (Chambers County) Liliana Jimenez (Harris County Auditors Office)

Blanca Barcenas (CenterPoint Energy Inc.) Luis Ganem (CPS Energy) Bryan Hoang (Group 1 Automotive) Marco Op de Weegh (Shell Oil Company)

Cade Howe (PricewaterhouseCoopers) Matthew Ponzi (Deloitte & Touche) Carrie Zheng (Harris County Auditors Office) Mohammad Ulhaq (Waste Management Inc.)

Collin Williams (Protiviti Inc.) Ngozichukwu Uwasomba (Ernst & Young) Cyrilde La Rochefordiere (Transocean) Omar Rios (Live Nation Entertainment)

Dale Owings (Stinnett & Associates LLC) Pritesh Patel (PricewaterhouseCoopers) Daniel White (Convergent Outsourcing, Inc.) Richard Kolencik (Marathon Oil)

Dennis Liu (Group 1 Automotive) Ryan Sullivan (Atwood Oceanics Management Inc.) Eric Paschal (Phillips 66) Sheila Carrier

Erica Cervantes (PricewaterhouseCoopers) Shelly Johnson (JPMorgan Chase) Felicia Lewis (Convergent Outsourcing, Inc.) Sheretta Jones-Manning (Transocean)

Genevieve Ischy (Central Bank) Srikala Vadlamani (Waste Management Inc.) Heather Wrightington (Harris County Auditors Office) Vickie Vogler (Carriage Services, Inc.)

James Johannesen (CenterPoint Energy Inc.) William Watson (Powell Industries Inc.) Jennifer Klinger (PricewaterhouseCoopers) Zahid Islam (Universal American)

www.theiia.org


New Program Extension for Certification Candidates Certification candidates who are nearing the end of their four-year program eligibility window now have an opportunity to apply for an extension before their exam part(s) expire. This extension allows participating candidates who haven’t yet successfully completed their exam(s), or who have been accepted into the program but have not yet taken their exam(s), an opportunity to extend their program eligibility 12 months. Candidates who have entered one of The IIA’s certification programs (CIA, CCSA, CFSA, CGAP, or CRMA) initially have four years to complete their exam(s) and earn their certification. Candidates may take advantage of The IIA’s new one-time Certification Candidate Program Extension at a cost of $250 USD per applicant. This applies to all IIA certifications. Candidates also may extend their exam window with an Exam Registration Extension. This extension allows additional 30, 60, or 90 days to take an exam when a part has not been scheduled or after an initial appointment is cancelled. The 30, 60, or 90 day extension is available for all examinations for CIA, CCSA, CFSA, CGAP, and CRMA. A deferment is available for the QIAL. Any questions about Certification, please contact the Certification Chair, [email protected] or VP Membership, [email protected]


New Program Extension for Certification Candidates

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November – Many IASA members received job offers!

It is almost the end of the semester. In order to better prepare themselves for their future careers in Internal Audit, Internal Audit Student Association (IASA) members attended events to learn more about the companies which they will interview and work with. Moreover, they had great opportunities to network with professionals and learn from their experiences. November was also the month that many IASA members welcomed the good news of receiving job offers. Please join IASA in congratulating these students. IASA also held many successful events in November: October 27 - Meet an Internal Auditor event with PwC: Guest speaker was Sun Joo from PwC. She is a key part of the management team and a UH alumna. Students had the chance to interact with a big 4 firm manager and ask questions about the life in public accounting. Students expressed their excitement about the opportunities PwC offered. November 2 - IIA Houston Luncheon: James Fargason presented the topic Court Cases Involving Auditors and Audit Committee. There were 6 students which attended the luncheon. The students reported that they had learned a lot from the session, and they felt thankful for being there to gain practical and valuable knowledge from outside the school’s classroom. November 3 - Meet an Internal Auditor event with LyondellBasell Chemical and ABM Industries: Guest speakers were Daniel Beaulieu from LyondellBasell and Carol Kelleher and Mike Beck from ABM Industries. Daniel Beaulieu is a senior audit manager at LyondellBasell Industries. Carol is a senior director of internal audit; her specialties include Employee Benefit Plan Audits, Policies and Procedures, and the Sarbanes-Oxley Act. Mike Beck is an internal audit director. Students learned about the internal audit career path as well as the two companies. November 10 - Meet an Internal Auditor event with BKD and City of Houston: This was IASA’s last Meet an Internal Auditor event. Guest speakers were Shane Torkelson from BKD and Courtney Smith from City of Houston. Shane is a Director in BKD’s Enterprise Risk Solutions (ERS) practice with 18 years of experience in public accounting and industry settings. His focus is in the Energy and Manufacturing & Distribution industries with significant experience in Financial Services and Asset Management. Courtney is a City Audit Director at City of Houston. She is a CPA with audit and accounting experience in a variety of industries including public sector, energy, chemicals, manufacturing, non-profit, and retail. Students had the chance to learn the internal audit career path in public accounting and government. Students expressed their interests to know more about the two environments by asking a lot of questions to the speakers. Shane and Courtney stayed after hours answering students’ questions. It was really a valuable experience for students interacting with experts in the field, getting to know more about the career path they are going to follow for their future career.


University of Houston IASA Update

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December will be the month of final exams for students, and IASA will wrap up the semester. Please look for the IASA update in the next issue!


University of Houston IASA Update

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Meet an Internal Auditor event with PwC October 27, 2015

Meet an Internal Auditor event with Lyondell Chemical and ABM Industries

November 3, 2015

Meet an Internal Auditor event with BKD and City of Houston

November 10, 2015



Chapter Achievement Points (CAP)! Three Point Shot!

One of the ways we gauge our success as a Chapter is through the Chapter Achievement Program (CAP). CAP points are earned for our accomplishments in three areas:

• Service to Members • Service to the Profession • Chapter Administration

The Houston Chapter has achieved Platinum status for the past eight years by reaching the IIA’s established point goals! As of October 31, 2015, we have reported 448 CAP points. The Chapter earns points in a variety of ways. For example, offering speaker events like the monthly luncheons and The Woodlands Networking Event, assisting universities and students to promote the profession, and completing administrative activities for the Chapter. There are also many ways for our members to earn points. To name a few you could,

• Speak about the profession or internal audit related topics to others outside of your company

• Submit exam questions for the CIA exam • Participate in an IIA-sponsored Quality Review • Participate in IIA research projects • Teach in Junior Achievement • Submit an article to the Internal Auditor (extra points for getting published!)

Click here for a complete listing. We would like to recognize and thank our Houston Chapter members who have contributed to our points this chapter year as of October 31, 2015. Thank you to the following members for giving back to the profession and submitting your activities to help earn points: If you perform any of the applicable service to profession activities during our new chapter year (June 1, 2015 – May 31, 2016), we would love to hear from you. Please submit your activities to [email protected]. For more information, see the CAP section of our website. Thanks for your help! Rumy Jaleel-Khan Former President and CAP Administrator Return to Home Page

Points by Member Member Total Points Earned Total Activities Jay Qatato 11 4 Marla Walther 10 1 Rumy Jaleel-Khan 3 1 Rick Hamel 1 1

Total Points 25 7

mailto:[email protected].


LOCATION: Houston, Texas JOB TITLE: Risk Advisory Senior Associate COMPANY NAME: BDO COMPANY PROFILE: BDO’s Core Purpose is Helping People Thrive Every Day. Our Core Values reflect how we manage our work, our relationships and ourselves. As an employee of the firm, you will live true to our Core Values of people first, being exceptional every day in every way, embracing change, feeling empowered through knowledge and choosing accountability. Our Core Values are the standards by which we conduct ourselves day in and day out, both internally and externally. JOB DESCRIPTION: The Risk Advisory Services (“RAS”) Senior Associate is responsible for providing risk consulting and issues resolution to clients in the areas of SOX, internal audit business process improvement, information technology, and fraud investigations. In this role, the RAS Senior Associate will participate in all stages of an internal audit or consulting engagement and provide assistance with planning, field work, engagement wrap up and report composition, along with providing recommendations regarding client economic and legal risks. JOB RESPONSIBILITIES: • Acts as primary contact for clients regarding basic questions and information • Conducts informational interviews and facilitates meetings with clients during engagement process • Documents and analyzes the client’s processes, risk and controls • Dynamically reassess risk and communicate with senior RAS professionals and/or client as necessary • Develops relationships with client personnel and management members • Prepares formal and informal presentations for client meetings • Partners with RAS leadership to complete research and draft proposals and reports, as necessary • Implements project plans. Maintains all documentation and work papers associated with client

engagements • Conducts risk assessment of assigned department or functional area in established • Establishes risk-based audit programs • Determines scope of review in conjunction with the Engagement Manager • Documents financial reporting cycles or internal audit area and identifies key controls • Assesses internal control design and operational effectiveness • Conducts audit testing of specified area and identifies reportable issues and dimension of risk • Communicates findings to senior management and drafts comprehensive report of audited area • Supervises the day-to-day workload of RAS Associates on assigned engagements and reviews work JOB QUALIFICATIONS: • Bachelor’s degree in Accounting, Finance, or other relevant field required • Two to five years of experience within a public accounting firm or industry environment performing

internal audit, consulting or risk services required • One or more years of supervisory experience preferred • Prior experience with internal controls, documentation and testing of controls required • Experience with Internal Audit and Sarbanes Oxley required • CIA or CPA certification preferred TO APPLY: Please click the following link to view the job: View details - 6533BR - Senior Associate, Risk Advisory Services


BDO – Risk Advisor Senior Associate

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LOCATION: The Woodlands, Texas DEPARTMENT: Internal Audit COMPANY NAME: Chevron Phillips Chemical Company HOURS: Full-time JOB DESCRIPTION & RESPONSIBILITIES: The individual for this position should be able to apply principles and practice standards from previous internal audit experience. Responsibilities include, but are not limited to: • Conduct audit assignments with defined objectives, priorities and schedules with supervision and

guidance from Audit Managers. • Periodically serve as Lead Auditor • Analyze business processes and/or transactions to ascertain compliance with Company Policies

and Procedures (and to identify and communicate control gaps). • Perform data mining and analytics as part of testing activities • Provide constructive candid feedback to others (clients and peers) • Communicate (written and oral) with audit clients to obtain/clarify information and assist in

preparing audit reports and present findings to clients • Communicate progress/updates on all audits or projects to Lead Auditors and/or Audit Managers. JOB QUALIFICATIONS: • 2 or more years of related experience within an internal audit function and/or equivalent industry

experience preferred • Knowledge of manufacturing operations is a plus • Bachelor’s degree required, preferably in Accounting or Finance • Certified Internal Auditor (CIA) and/or Certified Public Accountant (CPA) preferred • Understanding and application of internal audit practice standards and guidelines • Familiar with data mining and analytics tools such as ACL, IDEA, or other • Ability to adapt, learn and participate in audits including business/operations, finance, and global

functions • Strong communication skills, both written and verbal • This position requires team work, excellent communication skills, and the ability to travel both

domestically and internationally (Travel is approximately 25%). • Proficient in the use of Microsoft products (Word, Excel, PowerPoint) • SAP / BW experience is a plus TO APPLY: Click on the following link to apply directly on the Chevron Phillips career page.


Chevron Phillips Chemical Company – Internal Auditor

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